Bombay Rayon Fashions Ltd's earnings have grown by 0%, whereas share price has declined -47.4% CAGR over the past five years, indicating the company’s share price is likely undervalued. However, for specific investment actions please consult your investment advisor.
Bombay Rayon Fashions Ltd share price has declined -30.8% annually (CAGR) over the past ten years.
Past 10 years financial track record analysis by Moneyworks4me indicates that Bombay Rayon Fashions Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.
Bombay Rayon Fashions (BRFL) was incorporated in 1992 and is engaged into manufacturing of fabrics and apparels. BRFL manufactures one of the most versatile and technically advanced fabrics and apparels in India. Presently, the company is the largest shirt manufacturer in India.
Currently, it has employee strength of 32000 people. Its fabric division manufactures 55 million meters per annum. Its garment unit manufactures 35 million pieces per annum.
It has vision to become lowest cost
It has vision to become lowest cost producers in the world by setting up best manufacturing units.
The Company owns 13 manufacturing facilities, including one sampling unit across the country
BRFL has presence in entire value chain starting from yarn dyeing, weaving, fabric processing, designing, garment manufacturing till retailing.
In domestic market it finished fabric are marketed through 70 distributors and more than 2000 retailers. It also exports to Middle East and EU countries.
It is setting up new manufacturing unit in Maharashtra, Bangalore and Karnataka. This will increase the yarn dyeing capacity from 1.4 million kg p.a to 11.9 million kg p.a.It will also increase fabric manufacturing capacity from 55 million metres p.a. to 235 million metres p.a. and garment manufacturing capacity from 30 million pieces p.a. to 75 million pieces p.a.
BRFL got listed in all the stock exchanges in India in 2005.In the same years it acquired DPJ Clothing U.K.
In 2007, BRFL acquired Leela Scottish Lace a textile arm of Leela Group. This acquisition made BRFL one of the largest apparel groups in India.
In 2007, BRFL signed Memorandum of Understanding with Government of Maharashtra to expand its fabric and garment division by setting up new unit in various regions of Maharashtra. The total investment for this project is Rs.1,100 crore.
In 2008 BRFL acquired the iconic brand â€œGuruâ€.